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SGH Ex-20 Australian Equities Fund

The SGH Ex-20 Australian Equities Fund utilises SGH’s proven investment philosophy and approach to invest in a concentrated portfolio of around 20-60 companies that are primarily listed on the Australian Securities Exchange (ASX), excluding the largest 20 securities in the S&P/ASX 300 Index (as determined by their market capitalisation).

Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS)(including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

Monthly Fact Sheet
How to invest

Hamish Tadgell & Philip Li: SGH Ex-20 Australian Equities Fund September 2024 Quarterly Update
Click here to read the transcript.

At a Glance

APIR code CRS0003AU mFund code SFZ19 Minimum investment $20,000 Management cost 0.95% Distributions per annum 2 Commencement date 01/12/1992 Asset class Equity Benchmark S&P/ASX 300 Accumulation Index excluding S&P/ASX 20 Leaders Index Buy/Sell Spread +0.25%/-0.25%
Investment objective To outperform the benchmark, the S&P/ASX 300 Accumulation Index excluding S&P/ASX 20 Leaders Index, after fees, over rolling three year periods. Annual report Download
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

Investment strategy

The Fund utilises SGH’s proven investment philosophy and approach to invest in a concentrated portfolio of around 20-60 companies that are primarily listed on the Australian Securities Exchange (ASX), excluding the largest 20 securities in the S&P/ASX 300 Index (as determined by their market capitalisation). 1

SGH seek to identify and invest in quality Australian listed securities through first hand company visits. Quality is chiefly an evaluation of a company’s management, balance sheet and business model. Only those companies which pass SGH’s rigorous quality screen are considered for portfolio inclusion. We see risk in terms of investing in a poor quality company, or overpaying for a good one, and do not view risk in benchmark relative terms.

SGH therefore downplay benchmarks in portfolio construction since these provide little indication of future performance. SGH is comfortable not holding companies if they do not satisfy its disciplined quality and valuation criteria, regardless of their benchmark weight.

The normal characteristics of the Fund include:

  • Little reference to the benchmark.
  • Low cash allocation (as the aim is to be fully invested in securities).

1 If a security purchased is initially outside of the S&P/ASX20 Leaders Index, and later becomes a part of this index, the Fund can continue to hold the security and sell down the security in due course.

Investment parameters

The Fund is generally fully invested in Australian equity securities, in a mix of asset classes as follows:

  • 90-100% Australian equity securities
  • 0-10% Cash

Please note that these are indicative asset allocation ranges for the Fund.

Performance as at 31 October 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.

 
Performance
Performance 1M 3M 6M 1Y 3Y 5Y 7Y 10Y Entry Nav Exit Date History
MOREBACK
Fund Name 1.00% 5.06% 6.54% 19.67% 1.36% 5.50% 6.09% 8.63% $5.4877 $5.4740 $5.4603 19/11/2024

HOW TO INVEST

Existing SGH investor with Apex Fund Services investor number:

  1. Download and read PDS, additional information booklet and Target Market Determination (TMD).
  2. Complete additional investment form and send to Apex Fund Services Unit Registry.

Please contact Apex Fund Services at 1300 133 451 if you require assistance.

Not an existing SGH investor:

  1. Download and read PDS, additional information booklet and Target Market Determination (TMD).
  2. Submit application form online.

OR

  1. Download and read PDS, additional information booklet and Target Market Determination (TMD).
  2. Complete an application form and send to Apex Fund Services Unit Registry.

PDS

Additional Information Booklet

Target Market Determination (TMD)

Apex Fund Services online application portal

Application form

Additional investment form for existing investor

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Investment team

Hamish Tadgell Portfolio Manager Hamish joined SGH in July 2015. He is Portfolio Manager of the SGH High Conviction Fund. Prior to this he… Phillip Li Assistant Portfolio Manager Phillip Li is a former banker turned Equity Investor. His experience is in investing in Australian equities applying a quality… Michael Kordick Assistant Portfolio Manager Michael joined SGH in July 2018 as Assistant Portfolio Manager in the SGH High Conviction Fund team. Prior to this,…

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